CBRE ADVISES REAL ESTATE DEVELOPER ON THE REFINANCING OF A RETAIL PROPERTY PORTFOLIO FOR $81 MILLION

Tampa, FL – April 11, 2013 – (RealEstateRama) — CBRE announced the successful refinancing of an $81,000,000 portfolio comprised of 9 retail properties located in central Florida. CBRE’s Capital Markets Debt & Equity Finance group secured the funding for this transaction. The loan was secured by a Correspondent Life Company and carries a fixed rate 20 year loan term with 12 -months of interest only payments based on a 20 year amortized schedule.